WELLS REAL ESTATE FUND XIII L P

CIK:0001127245|SEC Filings

Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
Statements of Operations - USD ($)	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Equity in Income of Joint Venture	$ 1,463,306	$ 49,904	$ 1,509,648	$ 138,045
Interest and other income	940	0	940	0
Revenue, Net	1,464,246	49,904	1,510,588	138,045
General and Administrative Expenses	92,429	88,468	311,005	274,429
Net Income (Loss)	1,371,817	(38,564)	1,199,583	(136,384)
Cash Preferred Limited Partners
Net Income (Loss)			552,543
Net Income (Loss) Allocated to:
Limited Partners	$ 724,777	$ (38,178)	$ 552,543	$ (135,020)
Net Income (Loss) per Weighted-Average Limited Partner Unit:
Limited Partners (in dollars per unit)	$ 0.23	$ (0.01)	$ 0.17	$ (0.04)
Weighted-Average Limited Partner Units Outstanding:
Limited Partners (in units)	3,213,008	3,213,008	3,213,008	3,213,008
Tax Preferred Limited Partners
Net Income (Loss)			$ 647,040
Net Income (Loss) Allocated to:
Limited Partners	$ 647,040	$ 0	$ 647,040	$ 0
Net Income (Loss) per Weighted-Average Limited Partner Unit:
Limited Partners (in dollars per unit)	$ 1.16	$ 0.00	$ 1.16	$ 0.00
Weighted-Average Limited Partner Units Outstanding:
Limited Partners (in units)	559,040	559,040	559,040	559,040
General Partners
Net Income (Loss)			$ 0
Net Income (Loss) Allocated to:
General Partners	$ 0	$ (386)	$ 0	$ (1,364)

Statements of Cash Flows - USD ($)	9 Months Ended
Statements of Cash Flows - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities:
Net income (loss)	$ 1,199,583	$ (136,384)
Operating distributions received from joint venture	0	226,257
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Equity in income of joint venture	(1,509,648)	(138,045)
Changes in assets and liabilities:
Increase in other assets	(767)	(26,878)
Increase (decrease) in accounts payable and accrued expenses	3,050	(7,468)
Increase in due to affiliates	22,400	8,912
Net cash used in operating activities	(285,382)	(73,606)
Cash Flows from Investing Activities:
Net sales proceeds received from joint venture	4,822,664	0
Investment in joint venture	(454,375)	0
Net Cash Provided by (Used in) Investing Activities	4,368,289	0
Net Increase (Decrease) in Cash and Cash Equivalents	4,082,907	(73,606)
Cash and Cash Equivalents, beginning of period	3,870,222	4,050,609
Cash and Cash Equivalents, end of period	$ 7,953,129	$ 3,977,003

Balance Sheets - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Assets:
Investment in joint venture	$ 19,046	$ 2,877,687
Cash and cash equivalents	7,953,129	3,870,222
Other assets	34,947	34,180
Total assets	8,007,122	6,782,089
Liabilities:
Accounts payable and accrued expenses	9,791	6,741
Due to affiliates	22,400	0
Total liabilities	32,191	6,741
Commitments and Contingencies
Partners' Capital:
Total partners' capital	7,974,931	6,775,348
Total liabilities and partners' capital	8,007,122	6,782,089
Cash Preferred Limited Partners
Partners' Capital:
Limited Partners	7,327,891	6,775,348
Total partners' capital	7,327,891	6,775,348
Tax Preferred Limited Partners
Partners' Capital:
Limited Partners	647,040	0
Total partners' capital	647,040	0
General Partners
Partners' Capital:
General Partners	0	0
Total partners' capital	$ 0	$ 0